SPY vs UCFI: Correlation
How closely do SPDR S&P 500 ETF Trust (SPY) and CN Healthy Food Tech Group Corp. (UCFI) trade together? Their weekly returns over three years give a correlation of -0.05, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and UCFI?
Over the past 3 years, SPY and UCFI moved with a correlation of -0.05, which is near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.06) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -44.3 %².
By 3-year correlation, UCFI places #4692 of the 4755 assets tracked against SPY. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 74.7 percentage points (+20.6% for SPY against -54.1% for UCFI). Note the risk asymmetry: UCFI runs 4.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
SPY vs UCFI: side by side
| SPY (SPDR S&P 500 ETF Trust) | UCFI (CN Healthy Food Tech Group Corp.) | |
|---|---|---|
| 1-year return | +20.6% | -54.1% |
| 5-year return | +82.4% | n/a |
| Volatility (ann.) | 14.5% | 66.8% |
| Beta vs S&P 500 | 1.00 | -0.21 |
| Max drawdown (3Y) | -18.8% | -67.3% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 30.6 |
| Dividend yield | 1.01% | 0.00% |
| Expense ratio | 0.09% | – |
| Assets under management | $795.3B | – |
| Sector / category | ETF · US Large Cap | US Listed |
On the fund side, SPY sits in the Large Blend category at State Street Investment Management, with $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | SPY | UCFI |
|---|---|---|
| 2022 | -18.2% | – |
| 2023 | +26.2% | – |
| 2024 | +24.9% | – |
| 2025 | +17.7% | -46.5% |
| 2026 | +13.7% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and UCFI good diversifiers for each other?
Yes: at -0.05, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SPY and UCFI?
Using weekly returns as of 2026-08-27: -0.05 over 3 years, with -0.06 over the last year and n/a over 5 years.
Is UCFI a good diversifier for SPY?
Yes: at -0.05, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.05 mean?
A reading of -0.05 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/spy-vs-ucfi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/spy-vs-ucfi/)
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Related comparisons
Hubs: SPY correlations · UCFI correlations
